Fair Isaac, Kroll Launch FICO Service

Fair Isaac Corp., San Rafael, Calif., and Kroll Factual Data, Loveland, Colo., have announced the launch of a service for Kroll's business customers -- mortgage brokers, lenders, and others -- that provides an analysis of their applicants' FICO scores.The companies said selected customers can now receive a FICO Score Analysis report with each FICO score and credit report from Kroll. Businesses can then either share the report with the consumer or refer the consumer to a co-branded website where Fair Isaac offers further information and interactive tools. One of the tools is a FICO score simulator designed for "what if" sessions to help applicants understand how to improve their scores, the companies said. "Providing customers with insight into their FICO scores can give businesses a distinct competitive advantage," said Sue Simon, vice president of myFICO.com at Fair Isaac. James Donnan, Kroll's senior vice president, said his company's stature in the credit information arena "makes us the perfect partner for bringing score interaction to new levels for loan originators and loan applicants nationwide." The companies can be found online at http://www.fairisaac.com and http://www.factualdata.com.